On 7/15/2017 11:28 AM, Ed Pawlowski wrote:
> On 7/15/2017 10:44 AM, John Kuthe wrote:
>> On Saturday, July 15, 2017 at 1:11:11 AM UTC-5, Bruce wrote:
>> ...
>>> But isn't it strange to collect rent for a property you don't own yet?
>>
>> That was those renters' decisions, seriously!! I am DOING good thing
>> for them and they know it and like it! Like one of the two housemates
>> that paid their July 2017 rent to me chose to go back to China for a
>> month and I agreed with her to hold her room for her when she returns
>> in exchange for her paying rent on the room only, no utilities because
>> she's not here to use the utilities! A paradigm I learned to work with
>> housemates back in the 1990's when I had a housemate in the ROTC and
>> he'd have to go to ROTC stuff in the Summers, and we worked it out for
>> him that way.
>>
>> John Kuthe...
>>
>
> It may be their decision, but that does not mean it is legal. I'd hold
> that money in escrow unless you have an agreement with the owner.

Someone (not RFC) needs to explain "escrow accounts" to him. In brief,
money held in an account for a specific purpose which cannot be touched
until the terms of the contract are finalized.

Jill